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Innovation Works
AddedFeb 13, 2024
UpdatedJul 22, 2026
Innovation Works

Innovation Works

Operating

Innovation Works: A non-profit investing in impactful companies for regional economic growth.

Location
Pittsburgh, PA, US
Founded
1999
Firm
Compare
Portfolio
Fundraising
Employees
Website

Innovation Works is a non-profit investment firm dedicated to fostering regional economic growth by supporting startups in software, hardware, and life sciences sectors throughout Southwestern Pennsylvania. The firm typically invests in seed and pre-seed stages, with occasional participation in Series A and beyond. Their investment amounts vary, reflecting their commitment to nurturing early-stage companies with high potential for regional impact.

Notable portfolio companies include Gridwise, Idelic, and Honeycomb Credit. Key decision-makers at Innovation Works bring extensive experience and networks to the table, enhancing their ability to support portfolio companies. The firm’s investment philosophy centers on providing not only capital but also business expertise and resources to help startups accelerate their growth. Unique value-add services include tailored mentorship programs, access to industry networks, and strategic guidance, ensuring that their portfolio companies can navigate the challenges of scaling successfully.

Innovation Works - Portfolio Snapshot

Portfolio activity breakdown across disclosed investments and stages

Total Investments469
Current Portfolio Count212
Total Portfolio Exits4

Top Investment Stages

Seed340 (74.6%)
Convertible Note47 (10.3%)
Pre-Seed36 (7.9%)
Series A18 (3.9%)
Series Unknown15 (3.3%)

Stage Mix

Seed 75%Convertible Note 10%Pre-Seed 8%Series A 4%Series Unknown 3%

Concentration shown as share of disclosed investments by stage.

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Innovation Works - Classification

Also Known As
  • Innovation Works, Inc.
NAICS
  • 520000Finance and Insurance
  • 523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
  • 523900Other Financial Investment Activities
  • 523990All Other Financial Investment Activities
  • 523999Miscellaneous Financial Investment Activities
SIC
  • 6700Holding And Other Investment Offices
  • 6790Miscellaneous Investing
  • 6799Investors, Not Elsewhere Classified
Show 8 more industry codes
NAICS
  • 540000Professional, Scientific, and Technical Services
  • 525000Funds, Trusts, and Other Financial Vehicles
  • 541000Professional, Scientific, and Technical Services
  • 523910Miscellaneous Intermediation
SIC
  • 6000Depository Institutions
  • 7300Business Services
  • 6720Investment Offices
  • 6722Management Investment Offices, Open-end